For most of the past decade, large buyers operated with a dependable lever: if a Chinese supplier would not meet their terms, they could pivot to a Chinese-made alternative anyway, since domestic capacity was abundant and hungry. The threat disciplined pricing on both sides, and almost always against the local supplier. ChangXin’s refusal inverts that … Read more
Memory-chip giants have reported record results on the back of AI-driven price surges, yet their shares sold off, a split that captures a supercycle now balanced at a crossroads between real demand and priced-in perfection. Record numbers, priced for perfection Kioxia’s first quarter to June showed revenue up 415.5 per cent year on year and … Read more
Alibaba’s AI investing has become a structure: model companies return equity value, rising compute demand feeds Alibaba Cloud orders, and a memory bottleneck is met with an upstream stake. It resembles the group’s old playbook, except today it backs interdependent, sometimes competing, firms. The history is consistent. A 2017 DAMO Academy with a 15 billion … Read more
NVIDIA has confirmed a strategic investment in Safe Superintelligence, the lab founded by OpenAI co-founder Ilya Sutskever, and opened its next-generation Vera Rubin compute platform to the effort — targeting a tenfold increase in SSI’s capacity within twelve months. First Financial reports the deal is worth about $5 billion. SSI, founded in 2024, has shipped … Read more
China’s domestic DRAM leader Changxin Memory Technology made its debut on the Shanghai STAR Market on 27 July, delivering what may go down as one of the most explosive opening sessions in A-share history. The company priced its IPO at $8.66 per share. At the opening bell, the stock rocketed to $49.50 — an intra-day … Read more